Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its stereochemistry makes it valuable for constructing chiral molecules, especially in the development of biologically active compounds. Commonly employed in ring-expansion reactions and as a building block for cyclopentane-based structures found in natural products and drug candidates. Also utilized in the synthesis of β-amino alcohols and other functionalized cyclic compounds through nucleophilic substitution or oxidation reactions.